PSBC in $8b pre-IPO investment

The country's largest lender by number of outlets and second-biggest by assets, Postal Savings Bank of China, is raising the funds from a consortium that includes some of Asia's biggest names.

PSBC in $8b pre-IPO investment

Postal Savings Bank of China, the country’s sixth-largest commercial lender by assets, is set to raise about $8 billion ahead of its initial public offering next year by selling a 15% stake to a consortium of heavyweight investors including Li Ka-shing and Alibaba.

The fundraising disclosed on Tuesday follows the decision by the Chinese securities regulator on Friday to lift its ban on IPOs in a sign that the country’s stock markets have...

To continue reading, please login or register for free

Click for more on: postal savings bank of china | fig | placement | banks

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...